Assertion certainty 4/5 debate potential 1/5

Hood: VanillaSoft has run on pure recurring revenue since 2005

David Hood · 1657 How He Grew $10M ARR on Just $500k Raised · Feb 6, 2020 · at 1:03

David Hood, CEO of VanillaSoft, describes the company's business model and operating history in sales engagement to Nathan Latka.

0:00 / 0:07exact quote · 7.4s
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“So we've been in this since 2005 before it was really well known. And we're completely reoccurring revenue model.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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Insight
Hood: VC inflows force SaaS startups to prioritize fundraising over customers
“But I think the problem when money pours into markets like that is you get actually companies concentrated more on how can they raise money and how can they drive sales and less concentrated on how can they actually deliver value to their customers.”
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Opinion
Hood: Most founders tend to exaggerate their reported revenue figures
“I'm not sure that the revenue figures are exact. I think everyone tends to exaggerate their revenue figures.”
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Assertion Not checkable as stated
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Disclosure
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“We've probably raised about half a million dollars since the start of the company in 2005.”
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Opinion
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“People are dumping them into CRMs, and quite honestly, they're dying there, and this has been seen over and over again.”
David Hood Feb 6, 2020 ▶ 2:00 1657 How He Grew $10M ARR on Just $500k Raised
Assertion Not checkable as stated
VanillaSoft has up to 700 customer organizations and 6,000 paid seats
“So we have about 657 hundred organizations running five, 6000 seats with us right now.”
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